Merrill Lynch Spiral of Death
After Merrill Lynch posted it’s largest quarterly loss ever, the Chief Executive Officer Stan O’Neal almost resigned. Is this the end for Merrill Lynch?
In other news the Fed is meeting on Tuesday and Wednesday to discuss a rate cut.
In my opinion the Fed will lower interest rates although the current economy and stock market is doing fine without it. The problem is that if this lowering does not occur then we will definately need a rate cut as all the investors will panic.
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